The JPY Advances in Rates

The Japanese yen appreciated during the Asian trading hours. Lower than expected Chinese reports and a political crisis in Hong Kong supported the safe-haven currency.

Moreover, tariffs on Chinese goods are delayed to Dec. 15, while certain products are being removed. The safe haven yen was already trading higher versus the USD overnight as investor sentiment was shaken by political unrest in Hong Kong.

Now, the USD depreciated versus the JPY and changes hands at 106.35 JPY, which is a drop of 0.380 or 0.36%) from the previous close of 106.738.

The trading volume is 105.086K, while the daily range is from 106.23 to 106.76.

Hong Kong’s leader Carrie Lam clamed this week that in case violence take place among protests, this could push the territory “down a path of no return”.